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, isn't it? >> yeah, bill, still got more questions than answers at this point and today the ntsb fang out around the country and the globe trying to get more answers. in tucson, arizona, ntsb along with members of boeing were down at a company called secure a plane. owned by its corporate plane out of london. they make chaernlgs for the lithium batteries down there doing some tests. the ntsb with boeing investigators out in everett, washington, where they make the dreamliner. they have hundreds of employees at boeing in everett working on the 878 problem, and they are in teams trying to do what you would want to do here, do a test. try to figure out if there's some common theme here. and finally in japan, japanese investigators, along with investigators from the ntsb, they are looking at the battery from the ana dreamliner, the ntsb said that battery was ore charged, different than what was said about boston taking a look at boeing since the incident on boston on january 7th. still more questions than dreamliners. >> you know the ceo of the company has to be saying what's next? >> so
further. i have had people saying what are they doing at boeing? are they working with the ntsb? a lot of it is centered around the everett factory, where the dreamliner is built they are out there doing tests, working in teams. i'm told it's hundreds of employees working on this 787 problem. they're not in one central location, but spread out throughout the boeing facility. boeing is tapping a number of areas for expertise. as for the ceo, he is involved frequently in the updates going on within the company. he's taking part in daily meetings on the latest findings. this is the biggest test of his ten year and ceo of boeing. what are we seeing in terms of the investigations involving government agencies? investigators are talking with suppliers, some in japan, some in arizona and england. there are suppliers around the world. the jtsb and ntsb are pursuing two different theories. as you look at shares of boeing which are under pressure, the jtsb says the ana plane did receive an overcharge, the battery. the ntsb in boston says, no, that didn't happen. there was not an overcharge invol
, the faa and ntsb, they all have investigators heading to japan to investigate what happened with that emergency landing. meanwhile, other airlines, which have already taken delivery, they are still flying the dreamliner. this is out of poland making its inaugural flight of the 787. right now, as we speak, maria, in a couple hours. it will be touching down here in chicago. despite airlines saying we're still going to fly, it s & p capital iq downgrading shares of boeing on the concern, maria, that eventually we could see some airline customers saying, you know what, putting me on the dreamliner, i'm skipping that flight so that's the latest of what's happening with boeing. maria? >> want to bring in a couple other voices, michael boyd, aviation expert and on the telephone jim hall, former ntsb chairman, now managing director of hall & associates. good to see everybody. thanks for joining us. would you fly a dreamliner right now? mean, knowing what we know, jim hall, would you -- what would you job advice? >> oh, yes, i would fly the aircraft. i think if there are significant
century. boeing and the ntsb took this battery apart. there's eight cells in each battery. they took every cell apart. they are inspecting every piece of that battery with microscopes. everybody is working hard to try and find out what the problem is. now, it's a big problem. this is a big problem for boeing and it's a big problem for the airlines. >> jonathan, you know, you got, again, this becomes an airplane problem. this is no longer just a public relations problem. besides this battery issue, might have been your notes, you got brake problems and fuel line problems. so this looks like a big mess to me now. you're in the public relations business. what do you think boeing ought to be doing or saying because they are not doing it and saying it. >> well -- >> go ahead, bob. >> go ahead, jonathan. you go ahead. >> again you got it right. it's not a battery problem or a brake problem or that they built these planes partly out of plastic. they have a reputation problem. this plane has been a problem for boeing for a couple of years. when we're told this is part of the growing up process and
proven faulty. boeing, the ntsb, and the federal aviation administration are working with electrical suppliers to further investigate the issues. president obama is nominating mary jo white as the next leader for the sec. "if confirmed by the senate, i look forward to using all of my energies working with my fellow commissioners and the extremely dedicated and talented men and women on the staff of the sec." white is a former u.s. attorney and defense lawyer for white- collar crimes on wall street. she famously took down mob boss john gotti. "she's a bit of an unknown on wall street. we know she's a tough prosecutor and she's never been in any kind of financial services job. the sec is more than just prosecuting bad people, it's also a regulatory body, about writing regulations, so i think wall street is going to take a wait- and-see attitude." that was james bianco of bianco research. the president also wants richard cordray to continue his role in leading up the consumer financial protection bureau. legislation that would dramatically change america's gun laws is now on the table.
ion batteries used on its 787 dreamliner jets. the ntsb made the request after recently learning of incidents that occurred before the battery fire on an al nippon airways jet at boston's logan airport on january 7. >>> and it replaced batteries on 787 jets ten times after they felt it charged improperly or showed other problems and told boeing about the swaps. the airline has replaced batteries on its dreamliners. boeing reports four-kwourth earnings at 7:30 eastern to see. we'll be talking about this. mr. lebow will have the inside track. >> yes, excited for that. >>> a mixed victory for samsung electronics. this after a u.s. federal court rejected apple's bid to raise $1 billion damages paid by samsung in a patent infringement case. u.s. district court judge lucy coe said samsung did violate several of apple's patents in smartphone and tablet products but said it wasn't willful and threw out the request to hike damages on samsung. she also denied samsung's request for a new trial. this just continues to go back and forth between the companies. >> yeah. that's going to run, isn
in question. for the latest on this ntsb request, let's go to dan springer. have they np >> no, they haven't. they have done the first level of investigation haven't been able to pinpoint the exact problems so going to a deeper level. as mentioned is not hurting the bottom line yet. just mentioned the company took in $81.7 billion in revenue, that is a record last year. it is not hurting the bottom line yet. the battery issues with the 787 did not sneak up on boeing but more details. replacing 10 of the lithium-ion batteries since may. half of them were due to low voltage. it is much higher as reported by source. reporting 100 batteries had to be replaced but not all of them suffered a failure. melissa: not confirm the number for me, but downplayed the whole issue saying batteries are replaceable unit on airplanes in the replace five or six per day. the company issued a statement saying we have not seen 787 battery replacements occurring as a result of a safety concern. the batteries are being returned because of our robust protection scheme shows no battery deeply discharged or improperly
to get to it on boeing. phil, over to you. >> we've heard from the ntsb, expecting an update from them. they have at least an initial report regarding the fire investigation of that 77 dreamliner in boston yesterday. the ntsb saying that they have decided they are going to send two more investigators to look at the dreamliner in question and that at least initially taking a look at the fire in question they found severe fire damage to the battery of the auxiliary power unit. remember, the auxiliary power unit is what is used to provide power to an airplane when it is parked on the tarmac, not while it's in flight so the battery unit, severe fire kagge there, and it's pretty clear, scott and maria, that we are going to see more airlines, if they haven't already, they are going to start checking their wiring on the battery unit. i just spoke with the folks out of ana in japan. they have a number of dreamliners, checked theirs overnight at the urging of the ministry of transportation in j.i just talked with united airlines. it has checked the battery power wiring on all of its dreamliners
with the latest on this. phil? >> and, bill, got two pieces of news, the first one being that the ntsb completed an update with reporters regarding the ntsb investigation. here's a couple of notes, first of all, they say the battery short circuited and caught on fire but an important point. they are still trying to determine exactly why these batteries caught on fire. the bottom line, this was so serious they had to ground these planes. >> this is an unprecedented event. we are very concerned. as i mentioned in the very beginning, we do not expect to see fire events on board aircrafts. this is a very serious air safety concern the faa has taken. very serious action. >> and regarding those lithium ion batteries, today we spoke with a former worker and whistleblower. this is a supplier to boeing with the 787 dreamliners. they make the charger for the lithium ion batteries. he said he warned his superiors that the batteries were not safe and said the company ignored his warning. just a few minutes ago he described what happened when he saw one of these lithium ion batteries exemployed proceed. >>
investigation. jtsb within counterpart to ntsb out of japan, now says the battery involved in an incident over there was not overcharged. that's a reversal for them. meanwhile, ntsb is testing the lithium ion battery cells in washington, d.c. investigators are running multiple test at multiple locations. some at boeing in seattle, some at washington. they not continuing to peel back the onion looking for more, in terms of what is the cause between the dreamliner incidence. also in washington, there is discussion that u.s. senate is considering hearings to address the history of the 787 dreamliner. the t is in the discussion phase. the house of representatives, says it has no plans to hold hearings regarding the 787 and lij yom ion batteries. you mentioned shares of boeing moving higher. we want to show you eaton, interday. investigators in the uk are looking at fuel involves manufactured by eaton in the 787. there is discussion about what is causing fuel leaks with the graem liner. er with monitoring secretary lahood's speech in washington. he says anything regarding the dreamliner, we will br
hersman is chairman of the ntsb. >> we have learned from accidents, we have plowed all of those lessons back in. they have been embraced in many cases, and we're not seeing repeats of those same accidents. >> reporter: but experts say two actions in which human failure was at least partly to blame. underscore that, remains the biggest threat to safety. air france 447 crashed into the atlantic in 2009, killing 228. that same year, regional airline, flight 3407, crashed in buffalo, killing 50. >> colgan air was a watershed event in aviation safety, in particular bringing the regional carriers up to standards with the major carriers. >> reporter: the safety culture is spreading, accident rates are dropping, in russia, africa, latin america. the caribbean and asia. despite the improvement in safety, experts say there is a real danger here. just when you start to think it can't happen again is very often when you're most vulnerable. tom costello, nbc news, washington. >> when we continue on this new year's eve, two men who have learned some hard lessons, now passing them on and making a diff
're investigating it, along with somebody from boeing, the faa, ntsb, they're sending investigators to japan. and now what we have in japan are the two main carriers there, the first carrier is really to take a large number of dreamliners, they've grounded their fleets, at least for today and tomorrow. al nippon as well as japan airlines. 24 dreamliners. that's roughly half of the 50 that we've seen delivered so far by boeing. no flights again today, or tomorrow. here's what the focus is ultimately zeroing in on for the ntsb and faa. remember japan airlines flight that had the fire in boston last week? this is a battery unit from it. look how charred it is. that's along with what happened in japan on this emergency landing, that's going to be the focus for investigators as they take a look at what's going on with the lithium ion batteries. who makes these batteries? a firm out of japan. if you look at shares of that company, it's under pressure, understandably today. the firm has said they will cooperate with the investigation. and what you have now, carl, is a situat whe do a manufacturing
inspector with the ntsb arrived last night. they will be taking a close look at the taker, the bridge as well. back to you at the desk. >> thank you, brian. >>> a san francisco man accused of setting his girlfriend on fire may make his first court appearance today. police arrested 22-year-old dexter oliver, monday night at an oakland hotel. investigators say oliver poured gasoline on his girlfriend, starr lamare, then set her on fire on sunday. she is still in the hospital. she's being treated for serious burns on her neck, her chest and her face. >>> in san jose, an investigation goes on into a garage fire last month that destroyed several cars and a boat. it all happened on 15th street. firefighters say when they got there, huge flames were shooting into the air. the fire destroyed a corvette that was inside the garage along with two other cars and a boat that were parked outside. a house next door was also damaged. firefighters say the first reports of a possible meth lab turned out to be not true. >>> 7:31. the family of bryan stow is giving us an update on his medical condition.
:30 this morning. what's the latest. >> reporter: ther was an announcement that the ntsb will be joining the investigation. they will be working hand in hand with the coast guard. -- coast guard. i'm told a briefing just wrapped up. investigators met with one another to figure out where things stand and where things are gonna go moving forward. we know the pilot of that vessel that 750-foot oil tanker will be interviewed at some point later on today. he's been identified as -- i'm trying to find his name here. george kleess. he has eight years experience as a bar pilot. he manning the ship when it struck one of the towers on the bay bridge. at this point, i want to bring in tam bailen with the u.s. coast guard. as far as the interview with the pilot, what do you hope to learn when you speak with him today? >> well, the pilot is just one of many people this we're gonna talk to about this incident that occurred yesterday. there's a lot we need to know, what were the factors that led to the accident. that's gonna be part of the investigation. of course, talking to the pilot, he's gonna prov
the briefing from the ntsb, the expectation is never to see a fire aboard a airplane and keg sans of these events can't be understated -- significance. the lithium eye on battery experienced a thermal runaway and a fire and they're trying to figure out exactly why. the federal aviation administration grounded all the 787 dreamliner after the battery caught fire. another failure forced an emergency landing of a tokyo bound flight. transportation secretary ray lahood said government regulators are working with boeing to identify the battery problems. the problems with the 787 goes back to issues with suppliers and delays that pushed deliveries back years. we're still watching this briefing, trying to figure out if the ntsb can tell us anything more. as it stands now nothing on a timeline when the planes can start flying again or the precise reason why these batteries were catching on fire. back to you. ashley: rich, is there a separate investigation for each incident? we're just hearing about the one involving i guess this is the boston one, is that right? >> right, this is specific
limer is grounded. former ntsb director peter goelz tells us which saved issue concerns him most about the massive jet. perhaps perhaps even bigger, will the dreamliner ever fly again? tracy: that is crazy. republicans hunker down and plan their next move on the fiscal mess. whiffle they use the debt limit deadline as leverage to cut spending? ashley: here we go again. tracy: i know. ashley: time for stocks. as we mentioned the dow is up trip till digit sits as we do every fifth teen minutes let's head down to nicole on the floor of the new york stock exchange. what is going on? >> we're at session highs we've been seeing at the last 10 minutes or some dollar is lower. oil and gold moving higher. the vix moving back. majority of the dow components are well into the green. market breadth is stellar. 230 million to the upside. 104 lower. so you really doll have broad based buying underway. when i talk to some of the traders i'm hearing numbers on the s&p and 1500 and dow at 13,660. bank of america is down 4.25% today. the biggest loser on the dow jones industrials. what came out with ban
safety board says testing shows damage to the lithium ion batteries on boeing 787. the ntsb says further tests unnecessary and under way. will detail findings at a news conference to be held tomorrow. gold down $6 a half today, closing at 1686. oil also trading down, losing a dollar 45 remaining just above $95 per barrel. interest rates remain under 2% for the ten year. congress avoiding another fight on the debt ceiling after the house voted to approve a bill to extend the debt ceiling another three months until the 18th of may. the vote to 852144. 111 democrats voting no. also asking the house and senate to approve a budget by the 15th of april. they don't congressional pay could be placed an escrow through late next year. does that sound like music? senate majority leader harry reid says the bill will be voted on in the senate over the coming days. the white house says the president will actually sign it into law. meanwhile, senate budget committee chairwoman saying that her committee will, indeed, draft a budget this year if adopted. the first time that the senate democrats have pass
coming from reute reuters, but the ntsb according to the "wall street journal" is reporting that the japan airlines boeing 78 787 suffered severe damage. liz claman standing by in las vegas for the latest on 50 cent and the power players. how are you doing? liz: we are doing so well, we're iweare in the south hall right . if you look around, this is the area they do a lot of audio. the big crowds everywhere, all different kinds of companies, some very well-known, all day long we are absolutely going to be bringing you the guests, the real entrepreneurial spirit. 1.8 million square feet. a lot of crowds, 3100 exhibitors. we won't know it if it is a record year. 780 wireless companies alone, a huge show, the biggest gathering of technology, entrepreneurs, celebrities of a companies all in the high-tech world which has gotten so big it comes to personal electronics. let's start with the floor show. last friday was a pretty good multiyear rally. what do you make of what is happening today? >> we start the earnings season after the close with alcoa, stocks are priced to perfectio
in the dreamliner jets. the ntsb made the request after learning of the incident that's occurred before the battery fire on japan's airlines jet back at boston's logan airport on january 7. al nippon says it replaced batteries on its 787 jets ten times after they failed to charge properly or showed other problems and told boeing about the swaps. and an ana flight was forced to make an emergency landing on january 16. and phil lebeau and aviation expert michael boyd will join us. we'll be gearing up for boeing's quarterly results coming at 7:30 a.m. eastern time. a lot to get to. you see that story on the front page of "the new york times" and other places. the fact that they knew about it, it was a bigger problem makes me more anxious, but i know you think i'm anxious about planes -- >> no, i think at this point things -- people are starting to get concerned about what the issue is. they still haven't been able to identify it. that's a bigger problem. if you can find the problem and a it, you can get toward fixing it. and at this point, they're still looking around. >> hopefully when building a pla
was traced to a battery in the plane's auxiliary power unit. the ntsb says the battery suffered severe fire damage. by the way, they sent two more investigators there. we have checked with airlines that fly the dreamliner. many say they have checked the battery and the wiring. boeing also issuing a statement today saying with regards to the fire investigation, nothing that we've seen in this case indicates a relationship to any previous 787 power system events, all of those relating to electrical concerns on the dreamliner. meanwhile, like deja vu in boston, a jal dreamliner suffered a fuel leak on the boston runway losing 40 gallons of jet fuel before it returned to the gate. they fix that had fuel leak t.eventually took off n.december the faa ordered dreamliner fuel lines be properly install. one of those stories where there's a lot of headline risk. shares of bothering over the last two days this. stock has been absolutely pummeled. the market cap fall, $2.7 billion, by the way, dropping two bucks today, another 2.5%, so there is a lot of headline risk out there right now when you look a
. >> just that, maria, there's more to come. >> yeah. >> this is an investigation with the ntsb going on so stay tuned, so to speak. >> thanks, gentlemen. appreciate it. we'll leave it there and follow this very important story. >> up next, vegas, baby. mobile mania sweeping the consumer electronics show. our tech reporter jon fortt smack dab in the middle of it all. back to sin city live in just a minute. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ office superstore ink retailer in america. now get $6 back in staples rewards for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. when you spend $50 on hp ink. and you wouldn't have it any other way.e. but y
in japan. today investigators of the faa and the ntsb were on the ground there looking at the ama dreamliner that had the emergency landing. meanwhile, japanese investigators, they believe they will have their initial report on the incident next week. they have found similarities between the battery with that dreamliner and the dreamliner that caught on fire in boston. there's the battery. they are taking it from the plane in japan, and as for boeing, and you look at the assembly going on in seattle, as well as down in charleston, south carolina for the dreamliner, boeing says it's not slowing down production at all, but it is also meeting with the faa to start resuming production flight. as they build these, maria, they have to do a flight when they are done building them, before they can deliver them. they can't do that with this grounding, so that's the first step that boeing wants to clear with the faa. this is a story we'll be following all next week. maria? >> amazing. phil, thanks so much. catch phil's unprecedented access to the plane that was supposed to change the way yo
was grounded but they are up since the 17th. by the way, guys, hoping to get some information from the ntsb regarding the status of its investigation perhaps a little later today or tomorrow. back to you. >> very good, phil. thank you very much. i'm reminded of the famous line of ronald reagan. he said the scariest words you've ever heard is i'm from the government and i'm here to help. >> had a lot of good ones. >> he did. >> coming up next, coming right back with the closing countdown. >> and if you think the housing market is the key to the economy, jpmorgan's ceo has good news he's telling maria bartiromo. listen. >> housing has totally bottomed and getting better. you saw today homes for sales coming down there's a short supply in some market and they are all leading indicators. >> what else is jamie bullish on? find out in maria's exclusive interview coming up. >>> if phone calls are the key for apple earnings, will they be strong enough to lift the stock? we'll learn later today. instant analysis and investor reaction to the numbers on the "closing bell." a better placeom, we'd to ha
lebeau. >> reporter: the ntsb releasing an investigate on the battery investigation saying they have moved on from macroscopic investigation to a microscopic investigation. that includes chemical analysis of the areas that short circuited and checking flight data recorders. bottom line, still don't know a cause behind the incidents involving the two dreamliners. we should also point tomorrow morning on "squawk box" we'll be having the boeing fourth-quarter earnings, the first time we'll hear from the ceo since these incidents. sure to be questioned about what happens with the dreamliner tomorrow morning when boeing reports earnings. guys, back to you. >> thanks so much, phil lebeau. the dow jones industrial average 50 points away from 14,000. that 200 points away frommin a all-time high reached back in 2007. if you think that's made marc faber less bearish, you'd be very wrong. despite, that marc is the man behind the gloom, doom and boom report and joins me now to talk markets. good to see you, marc. thanks for joining us. >> my pleasure. thank you for having me. >> so you say regar
boeing's dreamliner. do we have any idea what it is, what the details are? >> ntsb is holding a press conference at 2:30. we will have it during "street signs" and they will talk about the investigation looking into the safety of the lithium ion batteries. it'll be interesting to see if they tell us exactly what they have determined so far. my indication, based on people i have talked with, sue, we are a long ways from them finding a route cause for the problem with the dreamliner and dreamliner batteries. >> phil, thank you so much. >> you bet. >> lockheed martin saying it sees weaker sales in 2013. pentagon's biggest supplier says it assumes congress will avert $500 million in spending cuts known as sequestering. those cuts were scheduled it start kicking in in march, not all at once, however. the stock of lockheed martin down to 3.61 today. rage yum profit down because of lack lust every sales. that will do it to you every time. also expecting lower earnings. rate now, raytheon trading down. general dynamics with a loss forecasting 2013 profits below straight estimates. gen dyn dow
, investigators from the faa and ntsb are in japan. we will have more about that in a little bit. mean while, boeing engineers are working on a solution that would allow tlem to slow the faa, listen, we've got this problem under control. it is time to get the dreamliner back in the air. they are meet og an regular basis but there is no timeframe for when they might be able to get the air worthiness redirected. now with regard to the investigators in japan, visiting the ana plane, it's on the tarmac there. they spent today looking at the plane, looking at the battery, and what they are looking for right now are commonalities between this incident in japan and incident in boston. they are also going over data because these planes are constantly giving back data to the airlines as well as to boeing. based on all of that, that is what they will be looking at it see, okay, what went wrong here. what might be the common problem and finally when you look at this battery, keep this in mind. there is so much attention focused on this battery built in japan but there are other things that could be rel
't know right now. so i know they're saying that. but we have the faa all over the airplane, the ntsb all over the airplane. i think the risk for the -- i see two camps on this stock. you have the teethers, those who believe everything is a teether problem, and the tip of the icebergers saying could this be something else. i think with this investigation going on and the faa already actively on the airplane, it will be difficult to take event, especially if it's a severe event, and say, this is fine, this is fine. long term they're going to sort it out. i agree with what jim cramer said, i'm in the same camp that said, why not do a derivative play on this story, if you have more risk maybe someone like spirit aero systems. >> at what point do you say this is the point of fear of investors are running? that's the time to get in the stock. we've seen that in different scenarios, that we don't know what we don't know, as you said. that is exactly the time you wanted to go in. what's going to make that turning point for you, do you think? >> well, i have to say, because there's a formal inves
in the news, a lot of people saying are there others out there. the ntsb yesterday gave an update in terms of where the investigation stands, including showing the media what's going on in the ntsb lab, seeing the charred batteries from the 787 dreamliner that was the one that had to be put out in boston. well, now they still say they do not know the exact cause of the batteries catching fire. as for those batteries and one other component, the charger, the charger for the batteries built by a company called secureaplane, a plant out in tucson, arizona. back in 2006, there was a fire involving lithium ion batteries for the 787 at the secureaplane plant. a worker there warned the company about the batteries and the chargers and the possibility of fires. >> these lithium ion batteries, too much heat and they'll explode. it will be a nightmare. >> michael leon was dismissed from the company for repeated problems on the job. secureaplane told me yesterday the battery charger for the dreamliner was successfully tested. there was a fire in the facility in 2006 during one test. however, the curre
the night before the crash and that there is no indication that drugs or alcohol was involved. >> the ntsb and the oregon state police are investigating the accident. >> still ahead a string >> announcer: meet jill. she thought she'd feel better after seeing her doctor. and she might have, if not for kari, the identity thief who stole jill's social security number to open credit cards, destroying jill's credit and her dream of retirement. now meet amanda. with a swipe of her debit card, she bought some gas... and an all-expense-paid trip to hawaii for ben. ben is the identity thief who used a device called a skimmer to steal her information from her card to open a fraudulent account. every year millions of americans just like you learn that a little personal information in the wrong hands could wreak havoc on your life. this is identity theft, and no one helps stop it better than lifelock. lifelock offers the most comprehensive identity theft protection available. ordinary credit monitoring services tell you after your identity has been stolen; they may take 30 days to alert you! too late
business network. back to melissa and lori. lori: thank you very much lauren. three weeks since the ntsb started looking into the liners. all 7873 liners were grounded. they will shift their focus away to the battery maker. none of this is good news for boeing who hopes to get the dreamliner, of course, back up in the air. do not count out boeing. the report came in better than expected. it was largely due to a 10% drop. melissa: the latest news on the battery is just so tough. they have looked at it and said, we do not know what the problem is. that is almost the worst thing that can happen. they say they have not lost orders. it will be interesting to see how long that lasts. the pentagon warns that pay cuts are underway. fox news jennifer griffin is at the pentagon with the details. >> hi, alyssa. defense secretary panetta was we are not planning for sequestration. those deep across-the-board budget cuts appear inevitable. the looming deadline is march 1. ashton carter warned hundreds of thousands of pentagon civilian employees. the employees would lose one day of work per week throug
of tucson today conduct a test on the battery chargers. over the weekend, the ntsb released a statement saying the battery had not been overcharged. when you look at the picture of it, you can tell clearly that it was overheated. investigators will be there doing a number of tests to see if it was working properly. remember, in our boston fire, it was the backup battery that overheated and started a fire. the battery that overheated was near the front of the plane on a japanese flight. dagen: dan, it also seems that japanese and u.s. authorities have a different task when it comes to investigating these problems. they are going in different direction so they can cover all of the bases. they were made in japan by a company. a boeing source tells me the serial numbers of the two batteries that overheated are close together. that initial thought was it was a bad batch of batteries. that would be a good thing. that now appears less likely. investigators have not found any anonymously's. the investigation is focusing on the entire electrical system and how those lithium batteries factor in.
ntsb all up arrows antaeus and b 500 up 1/3%. we held on to this week's gains and the gains of 2013 so far. cheryl: thank you very much. see you at the top of the hour. hey cash only, may be the newest model from the vatican after the bank of italy pulled its authorization to accept credit cards and other a electronic payments from visitors there. according to bank official the vatican has not fully complied with the european union safeguards. money-laundering. a catch only operation also means visitors have to bring cash with them since cash machines have been totally set down. maybe that will be in his address this sunday. could this be the answer to ending the debt ceiling fight? liz macdonald ahead on a crazy debate over the platinum coin. as we go to break we will look at the winners on the nasdaq. the nasdaq is higher as is facebook, expedia and more. vo: this week at officemax everything you can fit in this bag is 20% off. saving 20% on everything your company needs. it's a big deal. check your december 30th sunday paper or print the coupon at officemax.com. cheryl: time for wes
in what we understand. the ntsb and boeing, a technical team from boeing, they're investigating the fire on the dreamliner. it was found in a compartment with batteries, and electrical components. it's not entirely clear at this point exactly what caused the fire. it is believed that it might have been caused by one of the lithium batteries on the dreamliner. that is an issue, because the dreamliner uses lithium im batteries to power onboard electronics. way back in 2007 the faa issued special rules for the use of lithium im batteries because of the concern of flammability risk involving those batteries. this is the fourth dreamliner incident involving its electronics, or losing power, since december 4th. look at this timeline. back on november 4th, united took its first domestic 787 flight, at the time there had been no reports. a month later, a united flight going to niewark to houston, experienced mechanical problems, reporting a loss of power. cutter airways a few days later had to ground one of its 787 jets for what it said was a faulty generator. the 14th of december, united ground
's going to make a lot of people nervous. the ntsb is now investigating the 787 on the tarmac at logan airport yesterday morning, catching fire, after the plane had landed. the crew and the passengers had all deported. the fire was found in a compartment with batteries and electrical components. and again the passengers and crew were not on board during the fire. but this is the fourth incident since november or since december 4th where we've had a problem with the dreamliner. now remember united had its first domestic 787 flight back on november 4th. just a month later united had a flight from houston to newark, it made an emergency landing in new orleans. after experiencing mechanical problems, a loss of power. qatar air on december 9th said it grounded one of its 737 -- or 787s because of a faulty generator. similar problem, loss of power in flight. and then on december 14th, united grounds two of its four dreamliners due to problems with an electrical panel and then finally, yesterday you have the emergency crews responding to a 787 fire at logan airport. now the dreamliner, and th
in the united states, the ntsb continues to look at the japan airline 787 battery, but in reverse of what we're seeing in japan, they say this battery was not overcharged. the investigators are in arizona today visiting the battery charger manufacturer. that is a company called secure a plane. it's a subsidiary of mega plc out of the uk. over the last couple of days, that's seen a little bit of pressure as well. what we're seeing is an investigation where they haven't been able to square up what happened in japan with what happened in boston, so as a result, they're going to start diving further into the components that go into the dreamliner, and are connected and work with the battery to see if they can find out exactly what went wrong. and then from there, they might have a better sense of how to correct the situation. guys, back to you. >> now, phil, because these two regulatory agencies on opposite sides of the ocean are seeing different things in their investigation. does that tell you that the investigation may be much longer than anticipated? >> well, yeah, it would be different if o
's batteries in ten days have left the faa with no choice but to ground the dreamliner, while the ntsb analyzes the charred evidence from last week's 787 fire. lithium batteries are smaller and more powerful, but can overheat. >> when they're used normally, and the energy is released slowly, as it's supposed to, batteries have a very good safety record. but if that same energy is released very rapidly, the battery cells will vent, release their contents, and have the potential both for fire and explosion. >> reporter: boeing needed special faa approval to allow the dreamliner to use lithium batteries for key electrical systems. >> they have narrowed it down to the battery system on this aircraft. we've had two events, and so, therefore, they're going to now be able to look at it a little bit more in detail and figure out what's going on. >> boeing's european archrival, airbus, uses lithium batteries only for emergency lighting in their air-380. but airbus' plane of the future, the air-350, due out by the end of next year, relies on them more heavily. the company says there are no plans to chang
the faa. we're waiting to see the results of the ntsb investigation to make a decision about what it all means. so frankly, we're saying to investors is, look, we can't say with any conviction level that there's a certain entry point where we want to jump in here and buy. what we want is more data. if you own boeing shares here, i think you hang on. i think the long-term outcome of this is that they will sort through the problems. you can see airbus this morning expressing confidence that they think boeing, their competitor will sort through the problems. but right now, you know, you're dealing with emotion and you're dealing with news flow, which is very hard for investors to forecast. >> there but for the grace of god for airbus. they're not going to crash airbus. >> look the safety of all things for airplane manufacturers, the one thing they can all agree within, the one thing they share data on, the one thing they're all committed to is safety. >> if it leaks out of the battery and has a weird smell, it's not a fire. >> yeah, that's really the important thing about what happened yest
said, the fire at logan is a unique example and the ntsb is investigating but i think trying to connect this event to other events is pure speculation at this point. we don't have a lot of data. >> have you seen any sign that production might be interrupted, slowed down if, in fact, they have to address the things along the production line? >> none whatsoever. >> because as the journal points out today, you get paid upon delivery and worst-case scenario would begin to avoid cash flow if they were delayed. >> yeah. look, the central bull thesis for boeing shares is about the large amount of cash the company will generate over three or four rates and with the 787 ramping up to very high levels to meet customer demand. if we were to call in to question that cash flow, that weighs against the bull thesis. we don't have any data to suggest that will happen. the planes are still flying and i would say these sorts of teething problems are normal for new planes. we have them on the a-380 and we have to wait and see and we need more data and not calling in to question the long-term fundamentals.
, the fire there. they say that the battery in this case was not overcharged. now today the ntsb investigators will be in arizona visiting the secure plane facilities. that is the company that makes the charger for the battery, as they continue to figure out what happened in this case. in both cases if you take a look at shares of boeing which are likely to be under pressure today as it's clear that this investigation is extended, becky and joe, the bottom line is this, you're looking for commonality in the two failed batteries. in one case they say it was overcharged. in another case they're saying it wasn't. that's looking more and more like an indication that they don't know exactly what happened here, and as a result, figuring out a solution is going to take a little longer than originally anticipated. >> phil, we were talking earlier about how the stock has started to break down a little bit out of that trading range where it had been earlier. >> right. and the thing you want to watch, becky, the thing you want to watch is when boeing, if boeing says we have to slow down our
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